Lakeside Qru Inc

Analysis

Lakeside Qru Inc is a registered charity in United States, based in Lakeside, MT. It received its IRS tax-exemption ruling in August 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lakeside Qru Inc reported income of $671k and spending of $581k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $671k (+168%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakeside Qru Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within MT. Charities of a similar size with the same main cause include Big Brothers Big Sisters of the Inland Northwest ($671k), BTX Art League ($671k) and Walcamp Outdoor Ministry Inc ($671k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $32k (5.6% of expenses). Other salaries and wages came to $178k. At year end it held assets of $1.8m against liabilities of $1,019, net assets of $1.8m. It reported 13 employees.